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Romanian textile industry to shrink by over 2bn euros in 5 years
The textile industry will reach a level of 7.5 billion euros in 2010, two billion euros lower than this year. Over the next four years, the number of players will almost halve, as domestic c...
Rise in gas price takes Romgaz's profit to 40m euros
The last valuable asset still in the state's portfolio, natural gas producer Romgaz Medias made a net income of 39.8 million euros (139.3 million RON) in the first three months of the year,...
Metalicplas Dej invests 17.3m euros in retooling
Metalicplas Dej, owned by businessman Ioan Tecar, budgeted investment worth some 17.3 million euros to bring technological improvement to five of the group's companies. "Through these invest...
PWC gets 12m euros from the sale of Electrica's "jewel"
PricewaterhouseCoopers (PwC), a part of the so-called Big Four professional services companies that operate worldwide, is to collect a fee worth 1.5% of the value of Electrica Muntenia Sud's...
Dedeman borrows 15m euros from ABN Amro
The Bacau-based Dedeman company, which sells construction materials, has contracted a loan worth 15 million euros from ABN Amro Dutch bank, according to the company's representatives. "We wi...
AIG Life to invest 10 million euros in private pensions
AIG Life, the second-largest insurance company in Romania, estimates it will invest about 10 million euros to establish a company that manages private pension funds. "We are directly interes...
Energy Holding reaches 235m euros
Energy Holding, involved in trade and electrical power production, estimates a 36% growth in this year's turnover, against the 235.55 million euros (848 million RON) reported last year. "We...
Trade deficit reaches 4.63bn euros
The trade deficit grew by 1.2 billion euros in May and reached 4.63 billion euros in the first five months of the year. FOB exports made in the January-May period stood at 10.379 billion eur...
NBR's foreign currency reserve drops to 18,177bn euros
Foreign currency reserves of the National Bank of Romania continued to drop in June following payments made on the foreign debt, reaching 18.177 billion euros. This figure is 35.7% lower in...